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McDermott International Inc. said its Babcock &amp; Wilcox unit completed
the sale of its Bailey Controls Operations to Finmeccanica S.p. A. 
for $295 million. Finmeccanica is an Italian state-owned holding company 
with interests in the mechanical engineering industry. Bailey Controls, 
based in Wickliffe, Ohio, makes computerized industrial controls systems.
It employs 2,700 people and has annual revenue of about $370 million.
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    <desc id="2" len="9" off="0">McDermott</desc>
    <desc id="4" len="13" off="10">International</desc>
    <desc id="6" len="4" off="24">Inc.</desc>
    <desc id="8" len="4" off="29">said</desc>
    <desc id="10" len="3" off="34">its</desc>
    <desc id="12" len="7" off="38">Babcock</desc>
    <desc id="14" len="1" off="46">&amp;</desc>
    <desc id="16" len="6" off="48">Wilcox</desc>
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    <desc id="22" len="3" off="70">the</desc>
    <desc id="24" len="4" off="74">sale</desc>
    <desc id="26" len="2" off="79">of</desc>
    <desc id="28" len="3" off="82">its</desc>
    <desc id="30" len="6" off="86">Bailey</desc>
    <desc id="32" len="8" off="93">Controls</desc>
    <desc id="34" len="10" off="102">Operations</desc>
    <desc id="36" len="2" off="113">to</desc>
    <desc id="38" len="12" off="116">Finmeccanica</desc>
    <desc id="40" len="3" off="129">S.p</desc>
    <desc id="42" len="1" off="132">.</desc>
    <desc id="44" len="2" off="134">A.</desc>
    <desc id="46" len="3" off="138">for</desc>
    <desc id="48" len="1" off="142">$</desc>
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    <desc id="119" len="2" off="359">It</desc>
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    <desc id="356" len="37" off="0">McDermott International Inc.|337,338</desc>
    <desc id="357" len="51" off="34">Babcock &amp; Wilcox unit|339,341</desc>
    <desc id="358" len="66" off="70">the sale of its Bailey Controls Operations to Finmeccanica S.p. A.|340</desc>
    <desc id="359" len="279" off="82">Bailey Controls Operations|342,349,352</desc>
    <desc id="360" len="52" off="116">Finmeccanica S.p. A.|343,345</desc>
    <desc id="361" len="12" off="142">$295 million|344</desc>
    <desc id="362" len="38" off="172">an Italian state-owned holding company|346</desc>
    <desc id="363" len="48" off="217">interests in the mechanical engineering industry|347</desc>
    <desc id="364" len="35" off="230">the mechanical engineering industry|348</desc>
    <desc id="365" len="15" off="294">Wickliffe, Ohio|350</desc>
    <desc id="366" len="40" off="317">computerized industrial controls systems|351</desc>
    <desc id="367" len="12" off="370">2,700 people|353</desc>
    <desc id="368" len="36" off="391">annual revenue of about $370 million|354</desc>
    <desc id="369" len="12" off="415">$370 million|355</desc>
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